Foreclosure: Delaware's Attorney General Beau Biden is suing the Mortgage Electronic Registration Systems, claiming it misled consumers by obscuring land records or providing inaccurate records to borrowers and has acted as an agent for other entities without proper authority to do so. Biden says MERS' practices sow "confusion among consumers, investors, and other stakeholders in the mortgage finance system, damage the integrity of Delaware’s land records, and lead to unlawful foreclosure practices."

Saving: Americans in September cut back on saving and their spending grew more rapidly than their income, the Commerce Department reported today. Savings dropped to the lowest annual rate since August 2009.